Deal Name: 2003-1

By Jeff Mordock, Commercial Real Estate Direct Staff WriterWexford Equities has agreed to purchase a 50 percent stake in 3701 Market Street, a 140,913-square-foot office/research and development building in Philadelphia.A purchase price was not disclosed, but said to be roughly ...

Fitch Ratings has upgraded 18 classes of Banc of America Commercial Mortgage Inc., 2003-1, because the deal's largest collateral loan has been defeased, improving its overall credit characteristics.The rating agency upgraded 13 of the deal's pooled classes and five classes that were tied to the defeased loan, ...

June 30, 2005 Standard & Poor's has again upgraded classes of Banc of America Commercial Mortgage Inc., 2003-1.The rating agency just last week upgraded five classes that were tied to a $129 million collateral mortgage that had been defeased. It ...

June 27, 2005 Standard & Poor's has upgraded the five classes of Banc of America Commercial Mortgage Inc., 2003-1, that are tied to a mortgage that has been defeased. The rating agency upgraded the following classes: – $1.3 million class ...

August 18, 2004 Deutsche Bank has provided $1.5 billion of mortgage debt to CNL Hotels & Resorts, allowing the Orlando, Fla., company to retire debt it assumed through its acquisition of KSL Recreation Corp.The debt is backed by five hotels ...

April 20, 2004 Fitch Ratings has downgraded three classes of Strategic Hotel Capital LLC, SHC 2003-1, because its collateral has weakened.The rating agency downgraded the:– $20.3 million class H to triple-B from triple-B-plus;– $44.6 million class I to triple-B-minus from ...

The lender is providing a combination of fixed-rate and floating-rate debt as part of the Chicago hotelier's efforts to take 14 of its properties public.

The Chicago hotel owner, whose investors include the Whitehall Street fund and Prudential Financial, plans to take some of its properties public. As part of that effort, the company will be refinancing a large CMBS deal.

September 16, 2003 By Rhonda L. Lipschutz, Commercial Real Estate Direct Staff WriterMorgan Stanley and J.P. Morgan Chase have launched an $822 million CMBS deal backed by seasoned loans on the books of GE Capital Assurance Co.The deal, GFCM LLC, ...

February 13, 2003 Class Amt ($mln) Avg Life (yrs) Rating Fitch Rating Moody's Ratings S&P Final Pricing (bp) Bnch mark A 300 1.97 AAA Aaa AAA +55 Libor B 87 2.97 AAA Aaa N.R. +70 Libor C 26.3 1.97 AA+ ...